Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Aviva to Reopen Property Fund It Suspended After Brexit Vote Turmoil
Nov 23 2016 // Aviva Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds...
Rockhill’s New E&S Property Unit Focused on Coastal Risks
Nov 22 2016 // Columbus, Ohio-based Rockhill Insurance Group, a member of the State Auto Insurance Group has launched an excess and surplus (E&S) property unit. Led by industry veteran Tracy Upton the unit is a catastrophe wind and...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources
Nov 21 2016 // China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s...
XL Catlin Adds Terrorism & Political Violence Coverage to Property Program
Nov 21 2016 // XL Catlin has enhanced its Platinum Property insurance program with a new terrorism and political violence insurance option. XL Catlin’s Platinum Property program allows businesses to address 100 percent of their...
People
Nov 21 2016 // Former long-time Chubb executive Dino E. Robusto assumes the roles of CNA chairman and chief executive officer on Nov. 21, succeeding Thomas F. Motamed, who is retiring after eight years in those positions. The succession...
How Tech Can Turn the Tide of Flood Insurance
Nov 21 2016 // As residents of coastal Louisiana, New York and New Jersey have discovered, a house with a sea view can carry a serious and soggy downside. In terms of storms and their severity, a building’s location has never...
ISO Files Homesharing Coverage Options For Homeowners’ Policies
Nov 16 2016 // ISO has introduced new homesharing insurance options to address exposures that policyholders may face when renting out all or parts of their homes. The new homeowners coverage options and accompanying rating provisions...
EPIC Adds Haycock as Producer in Northern California
Nov 15 2016 // EPIC Insurance Brokers & Consultants has hired Rick Haycock as a property/casualty insurance producer in Northern California. Haycock will be responsible for new business development and the design and management of...
Everest Insurance Expands Environmental Coverage
Nov 14 2016 // Everest Insurance has expanded its environmental offering with its new ESP policy form, a mono-line site pollution policy form that includes coverage available for both new and pre-existing pollution conditions for bodily...
2016 Wildfire Season Not Likely to Top Record-Setting 2015 Season
Nov 8 2016 // This post is part of a series sponsored by CoreLogic. Trajectory Shows Fewer Fires and Fewer Total Acres Burned in 2016 In 2015, the amount of area consumed by wildfires in the U.S. topped 10 million acres for the first...
Property Damage Reported After 5.0 Mag Quake Hits Oklahoma near Cushing
Nov 7 2016 // A 5.0 magnitude earthquake struck Oklahoma on the evening of Nov. 6 near the town of Cushing, an area that has experienced increased seismic activity since 2015, the Oklahoma Geological Survey reported. Several...
1.8 Million Western U.S. Homes at Extreme or High Wildfire Risk, Report Shows
Nov 7 2016 // Data provider CoreLogic’s new annual Wildfire Risk report designates 1.8 million single-family homes across 13 Western states as being at “Extreme” or “High” risk of wildfire damage,...
West Virginia Supreme Court: Driving Under the Influence on Private Property Illegal
Nov 4 2016 // The West Virginia Supreme Court has ruled that driving under the influence on private property is a crime. The Charleston Gazette-Mail reports that the Supreme Court’s 4-1 ruling last week reversed a Monroe County...
Chubb Expands BOP Coverage to Small Technology Firms
Nov 3 2016 // Chubb has expanded its business owner’s policy, Chubb BOP, to the technology industry with specialized insurance features and benefits for risks faced by small businesses in the technology segment. Chubb BOP for the...
Lockton Adds van Winden as Sr. VP, Energy Property Leader in Houston
Nov 2 2016 // Rene van Winden has joined Lockton as a senior vice president and national energy property leader based in the insurance broker’s Houston operation. He is an expert in onshore property insurance programs and will...
Georgia Orders Property Insurers to Report Hurricane Matthew Claims Data
Nov 2 2016 // The Georgia Department of Insurance is ordering all insurers operating in the state to report claims information related to Hurricane Matthew. The storm, which began its path through Georgia starting Oct. 7, is estimated...
Trick-or-Treating and Homeowners’ Liability for Injuries: A Guide
Oct 31 2016 // Halloween pranks. Google this phrase and more than 5 million results link you to a myriad of ways to “mess with peoples’ minds” on Halloween. Some of the recommended pranks require a higher education to...
Travelers Says Property-Related Claims Spike on Halloween
Oct 31 2016 // On Halloween, homeowners have more to worry about than running out of candy for trick-or-treaters. The Travelers insurance company says there are 24 percent more property crime-related claims on Halloween than an average...
Missouri-Based Wallace & Associates Adds Brown as Property/Casualty Producer
Oct 28 2016 // Wallace & Associates Insurance Agency, based in Jackson, Mo., recently hired Ron Brown as its property/casualty producer. In this position, Brown will handle automobile and home insurance for new and existing accounts,...
Coastal Wetlands Found to Reduce Hurricane Property Damage by 10%-30%
Oct 27 2016 // Coastal wetlands provide important natural protection during hurricanes. How much? Natural habitats reduced property damage by about $625 million in the Northeast during Hurricane Sandy in 2012, a new study supported by...
